The uncertainty in the future is definitely tense enough to think about, especially if it is related to financial problems. Therefore, millennials are expected to be able to manage finances better. Better financial arrangements can start with investing. However, what is the right way to start investing for millennials?
Previously, it should also be noted that investing is different from saving, you know. Saving is an activity to separate part of money from income for occasional needs with a short-term nature. Meanwhile, investment is made to seek profit from the added value of the money invested.
The results of investment activities can only be felt in a long period of time. So, investing can be considered more effective for managing our finances, you know. Come on, see below the types of investment available so you know the right way to start investing!
Time deposits or so-called time deposits are basically savings, but what distinguishes them is the period of time they save. This time deposit savings account has a longer term than ordinary savings. You can choose a term ranging from one year to two years or longer. Long term deposits are special about deposits because usually the interest or profit on savings is determined by how long the deposit is kept. Of course, the longer the time period we choose, the higher the interest rate.
If you choose deposit, you cannot freely take or withdraw the money that has been saved because you need to wait for … Read More